DHFL Home Loan EMI Calculator

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DHFL Home Loan EMI Calculator

Last Updated 25th Oct 16

DHFL Home Loan - Lowest EMI is Rs. 845 per lakh

  • Get monthly EMI as low as Rs. 845 per lakh with DHFL now offering home loans with loan tenure upto 30 years.
  • Lowest home loan interest rate currently offered by DHFL is 9.55%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 1,047 for a 15 year loan and Rs. 935 for a 20 year loan. Check the EMI for other tenures using the DHFL home loan EMI calculator on this page.

Home Loan EMI Calculator DHFL

DHFL Home Loan EMI Calculator

DHFL Home Loan EMI

  • Home Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to DHFL against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With DHFL offering Home Loans with loan tenure upto 30 years, the loan EMI can be as low as Rs. 845 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by DHFL on Home Loan is 9.55%. You can check EMI for other tenures using our DHFL Home Loan EMI calculator.
  • Loan Tenure
    Loan Amount (Rs.) 15 years20 years30 years
    2,500,000 26,18123,38521,113
    5,000,000 52,36246,77042,225
    7,500,000 78,54370,15563,338
    10,000,000 104,72493,54084,450
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

DHFL Home Loan EMI calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how DHFL Home Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 1,500,000 to Rs. 50,000,000
r = Rate of interest per month. Current rate is 9.55%, which is linked to PLR
n = tenure in month. For DHFL, this can be 360 months

Will the DHFL home loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

  • Typically, the home loan EMI remains unchanged unless the customer requests for a change and the same is approved by DHFL subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI)
  • In case the floating rate of interest on your home loan increases, DHFL will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by DHFL, the bank may increase your EMI amount.
  • For partly disbursed loans availed under tranched EMI scheme, your loan EMI will increase with each disbursement.

Will home loan EMI change in case of prepayment?

  • DHFL allows prepayment at nil charges or penalty in case of floating rate home loans.
  • When you make a prepayment, the outstanding principal amount on your home loan reduces. In this case, you may choose to either keep the EMI the same and reduce the loan tenure (that is pay off the loan faster) or reduce the EMI and keep the loan tenure the same (that is pay lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
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DHFL Home Loan EMI Calculator News - Oct 2016
07th Oct 16 DHFL Cuts Home Loan Rates by 0.2 per cent
Dewan Housing Finance Corporation Ltd (DHFL) has reduced home loan lending rate by 0.2 per cent to 9.35 per cent for a loan up to Rs. 30 Lakhs under the festival offer. The revised rate would be effective for its new customers from October 11. This offer is categorized under affordable housing that would enable home ownership to the low and middle income group.
11th Sep 16 DHFL launches its new ad campaign Home Loan Dilse
DHFL has launched a new ad campaign Home Loan Dilse which is an extension of its earlier Ghar Jaisa Loan Campaign. This is the third ad campaign of DHFL to increase awareness and reverse the problem among the low and mid income segment in India. The Home Loan Dilse campaign deals with a very important question i.e. what is the right time to buy a home or avail home loan? The campaign talks about relatable instances from various stages in peoples lives and states that the right time to buy a house is when you dream of a home. The campaign messaging is appealing and connects with the real life common man problems and strengthening the borrowers trust and confidence in DHFL.
21st Jul 16 DHFL Q1 Net Profit increased by 16.23%
As per results of quarter ended June 2016, Dewan Housing Finance Limited Net Profit increased by 16.23% year on year to Rs. 173.3 Crore due to increase in demand for housing loan in semi urban areas. The Net Interest Margin reported is 2.91% . Whereas the Gross NPA stood at 0.98 % to Rs. 623.8 Crore . The company aims to focus on the demand from mid and lower income group from tier- 1 and tier 2 cities
20th Jul 16 DHFL to raise Rs. 6,500 crore via Debt
As stated in the regulatory filing of DHFL , The Board of Directors has approved issuance of non convertible / unsecured debentures , up to an amount of Rs.5,000 Crore , non convertible subordinated unsecured debenture of Rs. 1,000 Crore and non convertible perpetual unsecured debenture , up to an amount of Rs. 500 crore
05th May 16 DHFL Q4 net profit at Rs 190 crore
DHFL registered a net profit growth of 17.37% to Rs 729.20 crore for the year ended March 31, 2016. Net profit increased by 16.86 % to 189.65 crore for the year quarter ended March 31. DHFL continues to witness a robust financial performance in FY16 on the back of buoyant demand for home loans from the affordable segment. This has been made possible further with their relentless focus on customer centric products and service innovations aimed at driving customer satisfaction, profitability and sustainability.